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☆ Wall Street analysts say this slide in Micron is a buying opportunity for AI play
▼ + stars: | 2024-06-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Investors should consider using the pullback in Micron Technology to snatch up shares, according to several Wall Street analysts. His $175 price target implies upside of more than 22% from Wednesday's close. Goldman Sachs analyst Toshiya Hari also viewed the drop as a buying opportunity, citing expectations for growth in AI compute and high-bandwidth memory market share gains. Hari has a price target of $158, signaling 11% upside over the next 12 months. MU 1D mountain Micron shares fall on in-line guidance Wells Fargo's Aaron Rakers reiterated his overweight rating and $190 price target, implying more than 33% upside.

Persons: Christopher Danely, Goldman Sachs, Toshiya Hari, Hari, Harlan Sur, Bernstein, Mark Li, Timothy Arcuri, Wells Fargo's Aaron Rakers, Vivek Arya Organizations: Micron Technology, MU, Micron, UBS, Bank of Locations: Wednesday's, CY25, ramping HBM

☆ ‘The Bear’ Season 3 review: The Emmy-winning series returns at the slow-cooked pace of a show simmered in praise
▼ + stars: | 2024-06-27 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —A posted sign in a kitchen reads “Every Second Counts,” but “The Bear” is clearly in no hurry during its third season, proceeding at the slow-cooked pace of a show simmered in accolades and Emmys. The latest season’s first episode nicely sets the table for the nine episodes to come, playing almost like a visual poem while reintroducing the characters. Ricky Staffieri, Jeremy Allen White and Matty Matheson in "The Bear." What “The Bear” has lost is the element of surprise that greeted its arrival. “The Bear” launched its third season June 26 on Hulu.

Persons: CNN —, “ Barry ”, “, Jackie ”, “ Ted Lasso, ”, Christopher Storer, Ricky Staffieri, Jeremy Allen White, Matty Matheson, Chuck Hodes, Carmy, Calvin Klein, Storer Organizations: CNN, Hulu Locations: ”

☆ Morgan Stanley says memory stocks are set for 'new highs' and names its top picks
▼ + stars: | 2024-06-27 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Morgan Stanley analysts say they are expecting the computer memory sector to hit new highs over the rest of 2024, despite investors "generally" not being comfortable buying such stocks at such lofty prices. Aside from their attractive valuations, memory stocks are expected to see a lift in demand on the back of stronger usage of artificial intelligence-powered applications, infrastructure, tools and services, the analysts added. Top pick and overweight-rated stocks SK Hynix , the South Korean chipmaker, is Morgan Stanley's "top pick." Both stocks trade on the Korean Exchange and in the iShares MSCI South Korea ETF (SK Hynix has a 10.7% weight while Samsung Electronics has a 22.2% weight). Morgan Stanley is overweight on the stock and gives it a price target of $86, or nearly 12% upside.

Persons: Morgan Stanley, Shawn Kim, Morgan Stanley's, — CNBC's Michael Bloom Organizations: SK Hynix, Samsung Electronics, South Korean, SK Hynix —, Samsung, Korean Exchange, Western Locations: Korean, Korea

☆ Original ‘Harry Potter’ cover art sells for $1.9 million, setting auction record
▼ + stars: | 2024-06-27 | by ( Amarachi Orie | Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —The original illustration for the first edition of J.K. Rowling’s 1997 novel “Harry Potter and the Philosopher’s Stone” has sold for a record-breaking $1.9 million. The image features young wizard Harry Potter – with his unmistakable dark, brown hair, round glasses and lightning bolt scar – ready to board the Hogwarts Express train for his first trip to the Hogwarts School of Witchcraft and Wizardry. The first edition of 1997 book "Harry Potter and the Philosopher's Stone," which Taylor illustrated. BNPS/ShutterstockTaylor, just 23 years old at the time, created the original cover image in two days, according to Sotheby’s. The illustration was auctioned on Wednesday at Sotheby’s in New York along with other works of English and American Literature.

Persons: Harry Potter, ”, Sotheby’s, Thomas Taylor, Harry Potter –, Sotheby's, “ Harry Potter, Taylor, Shutterstock Taylor Organizations: CNN, Hogwarts Express, Hogwarts School of Witchcraft, Heritage Auctions Locations: New York, Sotheby’s, London, Dallas , Texas

☆ Supreme Court curbs SEC powers to enforce securities laws
▼ + stars: | 2024-06-27 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +2 min

People line up to get into the U.S. Supreme Court on the day where decisions ares expected to be handed down, in Washington, U.S., June 26, 2024. WASHINGTON — The Supreme Court on Thursday put new limits on the power of the Securities and Exchange Commission to enforce securities laws — the latest ruling in a series of cases that take aim at federal agencies. The court ruled 6-3 that adjudication of cases by in-house judges violates the right to trial by jury. The challenge zeroed in on how the SEC enforces securities laws, including those prohibiting insider trading. A three-judge panel of the New Orleans-based 5th Circuit U.S. Court of Appeals ruled against the agency, prompting the SEC to ask the Supreme Court to intervene.

Persons: WASHINGTON —, George Jarkesy, Elon Musk, Mark Cuban Organizations: U.S, Supreme, WASHINGTON, Securities and Exchange Commission, SEC, Circuit U.S Locations: Washington , U.S, New Orleans

☆ Troops and armored vehicles disperse as Bolivia arrests army chief leading coup attempt
▼ + stars: | 2024-06-27 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

"The country is today facing an attempted coup d'etat," Arce said, according to a CNBC translation. All of the units," Zuniga said during the military movement, according to a CNBC translation. Asked whether the coup forces were seeking to take over the Bolivian presidential residence, the general confirmed "yes." "Spain strongly condemns the military movements in Bolivia," Spain's Prime Minister Pedro Sanchez said on social media platform X, according to a CNBC translation. he said on social media, according to a CNBC translation.

Persons: Luis Arce Catacora, Juan Jose Zuniga, Luis Arce, " Arce, Maria Nela Prada, Jose Wilson Sanchez, Edmundo Novillo, Zuniga, Ivan Lima, Eduardo del Castillo, Juan Arnez Salvador, Zuniga —, Evo Morales —, Josep Borrell, Pedro Sanchez, Arce Organizations: Murillo, Bolivian, CNBC, de Murillo, Soldiers, Associated Press, Defense, Government, U.S, Monetary Fund, European Union, South Locations: Bolivia, La Paz, Spain, Venezuela, Paraguay, Cuba, Chile, Bolivian

☆ Boeing says its space mission is 'going well' despite its Starliner leaving 2 astronauts stuck on the ISS
▼ + stars: | 2024-06-27 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBoeing is doing damage control as its first crewed commercial spacecraft remains on the International Space Station (ISS) with no confirmed return date. This story is available exclusively to Business Insider subscribers. AdvertisementAs Business Insider previously reported, helium supports Starlink's reaction control system thrusters, which allows them to fire. "Starliner is performing well in orbit while docked to the space station," the spokesperson said, though they added that no return date has been confirmed.

Persons: —, Butch Wilmore, Suni Williams Organizations: Service, Space, NASA, Business, Boeing, Financial Times Locations: Boeing's

☆ It's gearing up to be a hot travel debt summer for Gen Z and millennials
▼ + stars: | 2024-06-27 | by ( John Towfighi | ) www.businessinsider.com time to read: +3 min

Forty-seven percent of millennials were willing to take on debt to fund summer travel. Gen Z trailed close behind, with 42%, while Gen X and boomers were 31% and 22%, respectively. AdvertisementMeanwhile, Credit Karma's survey found that nearly 40% of Gen Z and millennials said they'll prioritize summer travel over their finances. Funding a summer of funNearly a quarter of Gen Z and millennials anticipate going into almost $2,000 in debt across the summer, according to Credit Karma's survey. For 11% of Gen Z and 8% of millennials, that summer debt forecast surpasses $4,000.

Persons: —, Taylor Swift, Credit Karma, Zers, Gen Z, Gen X, millennials, Gen, they're, X Organizations: Service, Credit, Bank of America, Business Locations: Europe, Southeast Asia, Florida, California

☆ Yen weakens past 160 against the dollar, reigniting intervention speculation
▼ + stars: | 2024-06-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Persistent weakness in the yen is raising concerns about the potential for a resurgence in cost-push inflation, likely weighing on private consumption. Bloomberg | Bloomberg | Getty ImagesThe Japanese yen hit a near-38 year low against the U.S. dollar late Wednesday, raising expectations that authorities could intervene in currency markets again. Stock Chart Icon Stock chart iconThe last time the yen crossed the 160 level, the currency subsequently strengthened sharply during the trading session, prompting analysts to speculate about an intervention. Japan's Ministry of Finance later confirmed the intervention in May, saying that it had spent 9.7885 trillion yen ($62.25 billion) on currency intervention between April 26 and May 29, according to a Google-translated statement. That was the first time that the Japanese government has undertaken such a market measure since October 2022, according to ministry records.

Organizations: National Printing Bureau, Bloomberg, Getty, U.S ., Japan's Ministry of Finance Locations: National Printing Bureau Tokyo, Tokyo, Japan

Thursday night’s Copa América contest between the U.S. men’s national team and Panama was not lacking for drama. The result puts the U.S.’s Copa América on life support as they prepare to close out the group against Uruguay on Monday in Kansas City. 12′: USMNT goalkeeper Matt Turner knocked to the ground after challenge from Cesar Blackman. Weah will now miss the group finale against Uruguay, and winger is one of the thinnest positions for the USMNT. If he is now to miss the crucial Group C game against Uruguay it will be a major headache for Berhalter.

Persons: Jose Fajardo, Weston McKennie, Tim Ream, Matt Turner, Cesar Blackman, Tim Weah, Roderick Miller ., Blackman, Turner, Ethan Horvath, Gregg Berhalter, Cameron Carter, Vickers lunge, Adalberto Carrasquilla, Christian, Tim Weah’s, Weah, Panama’s Roderick Miller, ” Berhalter, “, Ivan Barton, Eduardo Munoz, Berhalter, Vickers, Gio Reyna, Johnny Cardoso, Tyler Adams, Paul Tenorio Balogun’s, Folarin Balogun, bui, aga, tim, Ric, er Wh, e, onl y Organizations: Copa América, U.S, men’s, CONCACAF, Panama, Uruguay, Lille, Getty Images, AS Monaco, Bolivia, pla Locations: Panama, Kansas City, U.S, Jos

☆ For Atlanta entrepreneurs, how to vote comes down to more than 'How's business?'
▼ + stars: | 2024-06-27 | by ( J.J. Mccorvey | ) www.cnbc.com time to read: +8 min

He applauds the Biden administration's efforts to extend federal student loan relief and access to capital to entrepreneurs, for example. Today, Trump leads Biden in Georgia by 43% to 38%, according to a new Atlanta Journal-Constitution survey of likely voters, an edge just outside its 3.1% margin of error. Social issues are business issues," said Molly Dickinson, founder of Banner Day, a branding agency that works closely with "traditionally underserved" entrepreneurs. "Small-business owners make business decisions based on how comfortable they feel in their home lives and in their everyday lives." "Business has been OK," Chey said, but food and labor costs have taken a toll.

Persons: Ryan Wilson, Joe Biden, Donald Trump, Wilson, applauds, Biden, Trump, Deonte Atkins, Atkins, I'm, he's, they've, Black, hadn't, Bill Clinton, Rafael Warnock, Jon Ossoff, Molly Dickinson, Dickinson, Rich Chey, Chey's, Chey, We're Organizations: CNN, Turner Entertainment Networks, Atlanta, Area Development, White, Za'Acai, Republican, Democratic, Biden's, Sens, Trump, GOP, Banner Locations: Atlanta , Georgia, Atlanta, Houston, Georgia, Midtown Atlanta, Ukraine, Israel, New York, Atlanta's Fulton

☆ We are starting a position in a market-leading renewable energy company
▼ + stars: | 2024-06-27 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Following Thursday's trade, Jim Cramer's Charitable Trust will own 350 shares of NXT with a weighting of about 0.5%. It's the "backbone" of any solar power system, as management would say. It's why we are starting this position on the smaller side, leaving plenty of room to scale over time. If the stock can trade up to 18 times the high end of its full-year earnings guidance, the stock will trade at $55. Last week, it announced it paid $119 million to buy Ojjo, a renewable energy company specializing in foundation technology and services used in utility-scale ground-mount applications for solar power generation.

Persons: Jim Cramer's, Locker, Nextracker, Dan Shugar, We'll, Solaredge, Jim Cramer, Jim Organizations: NXT, UBS, Meta, Microsoft, Google, U.S . Energy, Jim Cramer's Charitable, CNBC Locations: Nextracker, Thursday's, U.S, United States, Eaton

☆ San Diego Zoo: First panda pair to enter the US in 21 years take off from China
▼ + stars: | 2024-06-26 | by ( Jessie Yeung | ) edition.cnn.com time to read: +4 min

They were given a celebratory farewell at the Chinese base, attended by American and Chinese dignitaries, including performances and a gift exchange, according to a statement from the San Diego Zoo Wildlife Alliance. China loans pandas to more than 20 countries under a program often referred to as “panda diplomacy.” Its panda loans with Washington stretch back to 1972 – though the number of loans have decreased in recent years as US-China relations have worsened. The San Diego Zoo, one of the world’s most renowned, was the first American institution to carry out cooperative research on giant pandas with China. Yun Chuan’s mother, Zhen Zhen, was born at San Diego Zoo in 2007 to parents Bai Yun and Gao Gao, according to a press release issued by San Diego Zoo in April. Grandmother Bai Yun was born in China in 1991, and arrived at the San Diego Zoo in 1996.

Persons: Yun Chuan, Xin Bao, Xi Jinping, –, Yun Chuan’s, Zhen Zhen, Bai Yun, Gao Gao, Grandmother Bai Yun, Xi, Joe Biden, “ Organizations: CNN, Diego’s, China Conservation and Research Center, San Diego Zoo, San Diego Zoo Wildlife Alliance, Washington, World Wildlife Fund, Smithsonian National Zoo, Zoo Atlanta, Economic Cooperation Locations: China, California, Beijing, United States, Sichuan province, Ya'an City, Sichuan, Washington ,, Asia, San Francisco

☆ Analysis, fits for all 58 NBA Draft picks from John Hollinger and Sam Vecenie
▼ + stars: | 2024-06-26 | by ( John Hollinger | Sam Vecenie | ) www.nytimes.com time to read: +109 min

He’s going to be a killer rebounder, monster screener and will consistently establish his position even against some of the stronger NBA players. I’m done doubting Edey, even as an NBA player. As an enormous ballhandler with serious touch and incredible vision as a passer, Topić is clearly an NBA player, even if it doesn’t all translate. Shannon is an elite athlete, but the NBA game requires more nuance, especially if he continues to be an inconsistent shooter. However, I also think he’s more than just a floor spacer on offense in spot-up situations and potentially as an off-ball scorer.

Persons: Read Sam Vecenie’s, Sam Vecenie, John Hollinger, Zaccharie Risacher, Zaccharie, Risacher, he’s, he’d, —, Saddiq Bey, De’Andre Hunter, Jalen Johnson, Dejounte Murray, Alexandre Sarr, Chet Holmgren, Victor Wembanyama, Myles Turner, Wembanyama, Holmgren, Nic Claxton, Kyle Kuzma, Flagg, Reed Sheppard, Sheppard, Sheppard isn’t, he’ll, Lonzo, Tyrese Haliburton, savants, Houston couldn’t, He’s, Donovan Clingan, Ron Holland, Holland, haven’t, don’t, Aaron Gordon, Cade Cunningham, Trajan Langdon, Tidjane, it’s, Mark Williams, Miles Bridges, Jarrett Allen, Deandre Ayton, Clingan, Ayton, Robert Dillingham, Dillingham, Tyrese Maxey —, Maxey, Trae Young, Ja Morant, Morant, Young, Dennis Schröder, Mike Conley, Zach Edey, Edey, I’m, Joel Embiid, Zach Kleiman, It’s, Devin Carter, Matas, Cody Williams, Williams, isn’t, We’re, Buzelis, Patrick Williams, Nikola Topić, Nikola Djurišić, Topić, “ Vasa, Shai Gilgeous, Alexander, Carter, Carlton “ Bub ” Carrington, Bub Carrington, Carrington, White, Will, Kel’el Ware, Ware, doesn’t, Wood, There’s, Thomas Bryant, Orlando Robinson, Bam Adebayo, Philadelphia 76ers Jared McCain, Duke Vecenie’s, Jared McCain, McCain isn’t, Seth Curry, McCain, Dalton Knecht, He’ll, Knecht, Will Hardy, Erik Spoelstra, Tristan da Silva, Tristan da Silva’s, da Silva, Jett Howard, Da Silva, Johnny Furphy, Ja’Kobe Walter, Walter, Gary Trent Jr, Bruce Brown, Isaiah Collier, Scottie Barnes, RJ Barrett, Jaylon Tyson, Tyson, Yves Missi, Yves Missi’s, Clint Capela, Zion Williamson, Missi, Jonas Valančiūnas, Larry Nance Jr, DaRon Holmes, Holmes, Jaylin Williams, Zeke Nnaji, A.J, Johnson, Jackson, Giannis, Kyshawn George, Kyle Anderson, George, Washington, George ., Dadiet, evaluators, Tobias Harris, Harris, Dillon Jones, Jones, Cason Wallace, Lu Dort, Alex Caruso, Nikola, rebounder, Minnesota Timberwolves Terrence Shannon Jr, Terrence Shannon, Shannon, Bart Torvik’s, Buddy Hield, Jimmer Fredette, Chris Duarte, Ochai Agbaji, Matisse, Marshon Brooks, Quincy Pondexter, Lazar Hayward, Davon Reed, Carrick Felix, Orlando Johnson, Hield, Phoenix Suns Ryan Dunn, Ryan Dunn, I’ve, Herb Jones —, Dunn, Derrick Jones Jr, Herb Jones ’, Hollinger, Joanna Gaines, Utah Jazz Isaiah Collier, Collier, Kris Dunn, Baylor, Creighton Vecenie’s, Baylor Scheierman, closeouts, didn’t, Toronto Raptors Jonathan Mogbo, Francisco Vecenie’s, Jonathan Mogbo, Utah Jazz Kyle Filipowski, Kyle Filipowski, Kristaps, Nikola Jokić, Brook Lopez, Duke, Milwaukee Bucks Tyler Smith, Tyler Smith, Smith, let’s, AJ Johnson, Christian Wood, Bobby Portis, Tyler Kolek, Jalen Brunson, Antonio didn’t, Juan Núñez, Juan Núñez’s, Monte Morris, — Morris, McConnell, Sergio Rodriguez, Rodriguez, Núñez, Klintman, Ajay Mitchell, UC Santa Barbara Vecenie’s, Mitchell, Wells, wasn’t, Oso, Ighodaro, Nikola Vučević, Philadelphia 76ers Adem Bona, Adem Bona, Bona, Paul Reed’s, Charlotte Hornets K.J, Simpson, Simpson isn’t, AJ Griffin, Djurišić, Pelle Larsson, Pelle Larsson’s, Larsson, Duncan Robinson, Jamal Shead, Eric Bledsoe, Patrick Beverley, Shead, I’d, Kyle Lowry, Cam Christie, Christie, Nickeil Alexander, Walker, Max, Antonio Reeves, Reeves, He’d, Nate Duncan, hadn’t, That’s, Jordan Hawkins, San Antonio Spurs Harrison Ingram, Harrison Ingram, Ingram, Newton, Tristen Newton, . Indiana Pacers Enrique Freeman, Enrique Freeman, Paul, Millsap, Freeman, Melvin Ajinça, Quentin Vecenie’s, Ajinça, Trent, Cam Spencer, Spencer doesn’t, Spencer, Luke Kennard’s, Boston Celtics Anton Watson, Gonzaga Vecenie’s, Anton Watson, He’s switchable, Watson, James, Bronny James, that’s, Still, LeBron James, Kevin McCullar Jr, Kevin McCullar, Ulrich Chomche, Ariel Hukporti, Tristan Vukčević, Khalifa Diop, Karlo Matković, Marko Simonovic, Luke Hales Organizations: Hawks, Atlanta, Perth Wildcats, Defense, NBA, Wizards, Kentucky, Wildcats, UCLA, Tyrese, Iowa State, Stephon, Spurs, Ignite, League, Pistons, Deandre, Minnesota Timberwolves, 76ers, Dillingham, Purdue, IMG, intel, Grizzlies, Edey, Memphis, Colorado, Sunrise, Lithuanian GM, Bulls, Crvena Zvezda Vecenie’s, Mega, Red Star, doesn’t, Oklahoma City, Providence Vecenie’s, Sacramento, Kings, Washington Wizards, Blazers, Carlton, Pittsburgh, Indiana, Philadelphia 76ers, Duke, McCain, Philadelphia, Sixers, Tennessee, Lakers, NCAA Tournament, Baylor, Houston, Denver Nuggets, Suns, Dayton Vecenie’s, Nuggets, Denver, Ilawarra Hawks, Jackson, Bucks, Miami, New York Knicks, Ratiopharm Ulm, Knicks, Oklahoma City Thunder, Weber State, Golden State Warriors, Illinois, Wolves, Phoenix Suns, Virginia Vecenie’s, Alabama, Mavericks, Dallas, Utah Jazz, USC, Trojans, Jazz, Baylor Scheierman, Celtics, Hoop, Toronto Raptors, Francisco, Raptors, Brook, Utah, Milwaukee Bucks, Marquette, Mikal Bridges, . Indiana Pacers, SAS, Kansas, San Antonio Spurs, today’s NBA, Ratiopharm, Detroit Pistons, Cairns, UC Santa Barbara, Belgian, Thunder, Memphis Grizzlies, Washington, Washington State, Charlotte Hornets, Atlanta Hawks, G League, Rockets, Miami Heat, Arizona, SAC, Summer League, Minnesota, Pelicans, Clippers, New Orleans Pelicans, North Carolina Vecenie’s, Stanford, Ingram, Pacers, UConn, Akron Vecenie’s, Louisiana Tech, MAC, Dallas Mavericks, Saint, Boston College Vecenie’s, Boston College, Boston Celtics, Gonzaga, Los Angeles Lakers, G, NBA Academy Africa, NBA Academy, Melbourne United Locations: Zaccharie, Indiana, Washington, Kentucky, Iowa, Haliburton, Sheppard, Connecticut, San Antonio, Detroit, Portland, Dillingham, Minnesota, Memphis, Colorado, Lithuanian, Chicago, Oregon, Miami, Philadelphia, Tennessee, Utah, California, Atlanta, Orleans, Oklahoma, Dayton, Denver, Fla, Swiss, Dadiet, New York, Shannon, Kansas, Alabama, Virginia, Collier, Boston, Oklahoma City, Milwaukee, Marquette, He’s, Europe, Spain, Spanish, Ratiopharm Ulm, Núñez, NY, OKC, Arizona, Philly, Charlotte, ORL, North, Newton, Akron, Ajinça, Africa, DAL, Cleveland

☆ The Pre-Market Rundown: June 26, 2024
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNews Update – Pre-MarketsCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ 7 things Starbucks customers should stop wasting money on, according to a former barista
▼ + stars: | 2024-06-26 | by ( Inga Parkel | ) www.businessinsider.com time to read: +5 min

Read previewI worked as a Starbucks barista for nearly a year, and I became extremely familiar with just how expensive the popular coffee chain is. As a stingy spender, I made several mental notes on ways customers would unnecessarily waste their money during my shifts. If I find irresistible merchandise, I'll take advantage of the Starbucks rewards program. If you're looking for a caffeine fix, stop wasting your money on hot venti lattesGrande and venti lattes have the same amount of espresso. Stop paying for bottled waterI've always been baffled by people who insist on buying bottled water from Starbucks.

Persons: —, spender, Nadir Keklik, Michael Probst, It's, they're, Ramin Talaie Organizations: Service, Business, AP, Americano, Getty, Starbucks

☆ Wednesday, June 26, 2024: The Investing Club weighs in on this mega cap tech's AI strategy
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Wednesday, June 26, 2024: The Investing Club weighs in on this mega cap tech's AI strategyJim and Jeff discuss mega-cap tech stock's AI strategy. They also talk about the outlook for the financial sector. Finally, they weigh in on Citi's price target upgrade of this semiconductor stock.

Persons: Jeff

☆ U.S. chip curbs in Middle East just 'business as usual,' Ooredoo CEO says after Nvidia deal
▼ + stars: | 2024-06-26 | by ( Emma Graham | ) www.cnbc.com time to read: +4 min

Washington does allow the export of some Nvidia chips to the region, and Nvidia, AMD and Intel have all indicated plans to create less powerful chips for export to the Chinese market. Ooredoo earlier this week signed a partnership with Nvidia , marking the chipmaker's first large-scale entry into the Middle East market. Qatari telecoms provider Ooredoo told CNBC Wednesday that its new tie-up with Nvidia is compliant of all U.S. regulations and will still allow it to have access to the latest technology. Ooredoo told CNBC that the deal is compliant of all U.S. regulations. Ooredoo also committed to investing $1 billion to boost its regional data center capacity even before announcing its partnership with Nvidia.

Persons: Ooredoo, Aziz Aluthman Fakhroo, CNBC's Dan Murphy Organizations: Nvidia, AMD, Intel, United, Ooredoo, CNBC, United Arab Emirates, Microsoft, Qatar Investment Authority Locations: United States, China, Qatar, Kuwait, Oman, Algeria, Tunisia, Maldives, Qatari, Washington, Abu Dhabi

☆ The yuan's status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
▼ + stars: | 2024-06-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Beijing has long touted its ambitions for increasing global use of the Chinese yuan — also known as the "renminbi" or "RMB" — in an international financial market where the U.S. dollar is the dominant currency. watch nowLast year, the HKEX announced a "Dual-Counter" program that allows investors to trade Hong Kong-listed securities in Hong Kong dollars or Chinese yuan. The euro was slightly higher at 5.6%, while the U.S. dollar dominated with a nearly 85% share, the data showed. A maturing financial marketDeveloping more Chinese yuan-denominated investment products also requires a maturation of the local financial sector.

Persons: China’s renminbi, Athit Perawongmetha, Bonnie Chan, Chan, We're, SWIFT, Fred Hu, Hu, it's, Patience, Kenny Lam Organizations: Reuters, Hong Kong Exchanges, U.S ., International Monetary Fund, U.S, Primavera Capital, Sigma Asia Locations: U.S, Bangkok, Thailand, Reuters DALIAN, China, Beijing, Russia, Dalian, Hong Kong, Shanghai, Pacific

☆ CNBC TechCheck Evening Edition: June 26, 2024
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC TechCheck Evening Edition: June 26, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

Persons: TechCheck Organizations: CNBC Locations: San Francisco

The iShares U.S. Pharmaceuticals ETF (IHE) is up 9% since July 2015, when it hit a fresh all-time high. All of the back-and-forth movement since 2015 has produced what could be a monstrous bullish pattern. But we're trying to capture a major breakout from an area that's done next to nothing in nearly a decade. INVA, on the other hand, bottomed in March 2023, and just recently broke out of a large inverse head & shoulders pattern. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: IHE, Eli Lilly, Johnson, JNJ, MRK, Frank Cappelleri Organizations: U.S . Pharmaceuticals, IHE, Merck, CNBC, NBC UNIVERSAL Locations: U.S, LLY

☆ The Late Morning Rundown: June 26, 2024
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNews Update – Late MorningCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ Georgia stuns Portugal to reach Euro 2024 knockout stages in first major international tournament
▼ + stars: | 2024-06-26 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —Georgia caused the biggest upset of Euro 2024 so far with a sensational 2-0 win over Portugal to book its place in the round of 16. Competing at the first major tournament in the nation’s history, Georgia has captured the hearts of fans at Euro 2024 for its fearlessness and high-intensity football. Elsewhere, Turkey’s 2-1 win against Czech Republic means the team finishes second in Group F behind Portugal. The lowest-ranked team at Euro 2024, Georgia had proven to be no pushover in its games so far during the tournament, losing narrowly against Turkey and drawing with Czech Republic. Georgia, however, was not to be denied its second goal.

Persons: Khvicha Kvaratskhelia, Georges Mikautadze, Wednesday’s, Francisco Conceicao, Pablo Morano, Antonio Silva, Diogo Costa, Giorgi Mamardashvili, Ronaldo, João Félix, Giorgi Gvelesiani couldn’t, Kvaratskhelia, Mamardashvili sensationally, Diogo Dalot’s, Otar Kiteishvili, Mikautadze, Nelson Semedo, Mamardashvili Organizations: CNN, Czech, Turkey, Georgia, Arena AufSchalke, BSR Agency, Portugal gifting, Napoli Locations: Georgia, Portugal, Czech Republic, Turkey, Spain, Francisco Conceicao of Portugal, Gelsenkirchen, Germany, Portugal gifting Georgia, Tbilisi

☆ CNBC Markets Now: June 26, 2024
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Markets Now: June 26, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ Evan Gershkovich: Russia begins espionage trial of US reporter behind closed doors
▼ + stars: | 2024-06-26 | by ( Christian Edwards | ) edition.cnn.com time to read: +7 min

CNN —The trial of Evan Gershkovich, the first American journalist to be arrested on espionage charges in Russia since the Cold War, began Wednesday morning in a closed door hearing that has been condemned by his newspaper and the United States. While many newsrooms subsequently pulled their reporters out of Russia, Gershkovich remained, covering the war and how it was changing life in Russia. Footage on Wednesday morning showed Gershkovich inside a glass court cage, his head shaved, ahead of the trial due to start imminently behind closed doors. The trial of Gershkovich, the American-born son of Soviet-era emigres to the US, has highlighted the extent to which Russia’s invasion of Ukraine has harmed relations between Moscow and Washington. Gershkovich seen inside an enclosure for defendants in Yekaterinburg, Russia on June 26, 2024.

Persons: Evan Gershkovich, Gershkovich, Gershkovich “, Matthew Miller, ” Miller, Ella Milman, Mikhail Gershkovich, “ He’s, ” Milman, He’s, Evan, Evgenia Novozhenina, Natalia Kolesnikova, Emma Tucker, “, ” Tucker, Joe Biden, Evan ”, Paul Whelan, Whelan, ”, Biden, Brittney Griner, –, Griner, Viktor Bout, Bout, Putin, Tucker Carlson, Andrei Soldatov, Vladimir Putin, Vadim Krasikov, ” Putin, Gershkovich’s, Mikhail Organizations: CNN, Wall Street, Russia, CIA, WSJ, US State Department, State, Reuters, Getty, Journalism, “, Kremlin, Tucker Carlson Network Locations: American, Russia, United States, Ukraine, Yekaterinburg, Moscow, Washington, Sverdlovsk Regional, Russian, Moscow’s, AFP, Soviet, Ukrainian, Chechen, Berlin

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